18-07-2025
TFP rolls out e-wages to boost financial inclusion, workplace efficiency
SHAH ALAM - TFP Solutions Berhad (TFP) has officially launched e-Wages, a cutting-edge digital salary payment platform that aims to modernise payroll systems for Malaysia's approximately 2.4 million foreign workers.
Developed through its subsidiary SoftFac Technology Sdn Bhd in partnership with MobilityOne Sdn Bhd, a Bank Negara-licensed financial service provider, the platform marked a major advancement in promoting financial inclusion and workforce efficiency in the country.
As concerns mount over wage transparency, security and exploitation in traditional cash-based payroll systems, e-Wages was positioned as a comprehensive and secure solution that benefitted both employers and employees.
By integrating financial technology, telecommunications and regulatory compliance features, the platform ensured that salary payments were processed on time, traceable and fully compliant with existing labour and banking laws.
It eliminates the need for risky, manual methods and creates a system of accountability that supports the fair and consistent payment of wages.
e-Wages has been endorsed under the Malaysia Madani Digital Initiative, aligning with the government's push for a cashless economy and digital transformation.
By digitising payroll, the platform not only minimises the risks of fraud and worker exploitation but also improves the accuracy of GDP reporting through properly documented salary transactions.
Sectors such as manufacturing, construction, plantations and food and beverage were expected to benefit greatly from this streamlined and transparent payroll solution.
TFP's initiative came at a time when over 200,000 employers in Malaysia were still reliant on conventional wage distribution methods. With e-Wages, TFP was tapping into a multi-billion-ringgit opportunity while simultaneously enhancing its financial performance, ESG standing and investor appeal.
TFP Group chief executive officer Eugena Braganza described the launch as a significant milestone in Malaysia's digital journey.
"This is more than just a tech deployment; it's national infrastructure. We're proud to contribute to Malaysia's digital transformation and play a key role in empowering the foreign workforce through practical, secure and inclusive solutions," she said.
Employers nationwide were currently being onboarded to adopt the platform and businesses were encouraged to leverage e-Wages to simplify their payroll operations and support the well-being of their workers.
e-Wages functions as an end-to-end digital ecosystem that centralises payroll, payments and remittance services into a single, user-friendly system.
Workers receive a physical Mastercard that is accepted globally, allowing them secure and convenient access to their wages.
Locally, they can make payments through DuitNow at over two million merchant outlets across Malaysia.
The system also included built-in, licensed international remittance services, enabling workers to send money home instantly and legally.
The solution also came bundled with nationwide mobile connectivity through CelcomDigi, ensuring users remained connected and accessible at all times.
The platform addresses longstanding issues that have plagued the payroll system, such as the need to withdraw and distribute large sums of cash, the manual handling of salaries by HR staff and the use of undocumented and illegal money transfer services.
By removing these outdated practices, e-Wages not only protects workers but also reduces administrative burdens for employers.
